COHEN & STEERS (RFI) Stake Cut by Advisors Asset Management Inc.
Advisors Asset Management Inc. lowered its position in COHEN & STEERS (NYSE:RFI) by 27.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,082 shares of the real estate investment trust’s stock after selling 31,378 shares during the period. Advisors Asset Management Inc. owned approximately 0.31% of COHEN & STEERS worth $1,020,000 as of its most recent SEC filing.
Separately, Wedbush Securities Inc. raised its position in shares of COHEN & STEERS by 8.5% in the second quarter. Wedbush Securities Inc. now owns 54,567 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 4,269 shares in the last quarter. 9.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of COHEN & STEERS (RFI) opened at 12.68 on Wednesday. COHEN & STEERS has a 12-month low of $11.63 and a 12-month high of $13.99. The firm has a 50-day moving average price of $12.64 and a 200 day moving average price of $12.57.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Tuesday, August 15th.
About COHEN & STEERS
Cohen & Steers Total Return Realty Fund, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to achieve a high total return through investment in real estate securities. Real estate securities include common stocks, preferred stocks and other equity securities of any market capitalization issued by real estate companies, including real estate investment trusts (REITs) and similar REIT-like entities.
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